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House C’tee Chair Tells Consumer Protection Chief to Take a Hike

If Consumer Financial Protection Bureau Director Richard Cordray ever imagined that House of Representatives Republicans would eventually warm up to the bureau, that hope has surely been dashed by now. Rep. Jeb Hensarling, R-Texas, chairman of the House Financial Services Committee, on Monday sent a letter to Cordray, saying that he would be barred from testifying before the committee because his appointment as director was invalid. Hensarling cited a federal appeals court decision earlier this year that threw out two recess appointments President Obama made to the federal labor panel.

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